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March 10, 2023
eFunder.ai and Mamo Pay: Simplifying Financing and Payments for Businesses
We are excited to announce our partnership with Mamo Pay, the DFSA-regulated payment provider that allows businesses to collect money instantly and securely. This partnership allows eFunder.ai users to access financing solutions through our platform, based on their pay-outs generated through the Mamo Pay payment gateway. By receiving four weeks' worth of your future sales in advance, you can generate consistent cash flows and scale up your business to new heights. To celebrate this partnership, eFunder.ai is offering an exclusive promotion for Mamo Pay customers. Sign up with eFunder.ai using the promo code “MAMOFUND” and receive a 10% discount on pricing. This offer is available for a limited time only, so apply today to get the funds you need to accelerate your business growth. Mamo Pay for Business users can also benefit from this partnership. For a limited time, Mamo Pay for Business’ highest tier - Premium - is available to eFunder.ai users free of charge for two months. Simply enter the code “EFUNDER” while registering and experience an optimized business payment portal without the stress of set up costs, deposits, or complex gateways. We are committed to being your financial partner of choice, and this partnership with Mamo Pay is just another step towards providing you with the best solutions tailored to your business needs. Our aim is to help you unlock your business growth, and we believe that this partnership will enable us to do just that. Sign up with eFunder.ai and Mamo Pay for Business today to experience simpler, faster, and friendlier payments.
February 8, 2023
Traditional Financing vs Digital Financing – The Current Global Perspective
The global lending landscape has undergone tremendous changes in the past decade. Earlier, banks, small business loans, angel investors, venture capitalists, and grants were the few traditional ways in which one could acquire finance for their businesses and projects. However, today, with digital finance and lending technologies taking the lead, the efficiency in lending had improved considerably. Fintech businesses have realised the far-reaching benefits and deep impact of digital finance and have since then invested heavily in developing AI, Machine Learning, mobile applications, financial social network platforms, cloud computing, distributed ledger technology along with data analytics. Today, financial transactions and interactions between two or more institutions are performed instantly in real-time just by using just a mobile phone. Digital Financing – Paving the way for complete, global financial inclusion Globally, the digitalization of the financial industry has helped promote financial inclusion. Such development had enabled the means to address the problem related to financial despairs in emerging and developing economies. With new technologies like blockchain creating waves, the regulatory aspect of digital financing is also going to be much more transparent across all platforms. This also makes lending easy, even for small financial institutions as they can collaborate with bigger institutions and be a part of the financial inclusion framework. In the end, the common man has much quicker, easier, and more reliable access to financial services and advice with digital finance. Since digital finance can acquire and process huge amounts of information almost instantly without the dissemination of cross-spatial information under low costs, the lending reach of any financial institution increases manifold without geographical locations. It has also helped in solving the pain points of traditional finance systems and thus bridging the gap between investors, lenders, and borrowers. A step towards efficiency and sustainability with digital lending As digital technology continues to evolve, the reluctance to lend money to the low-income and remote populace has been erased significantly. Today, financial services are not just limited to traditional financial services like banks, savings, stock trading, etc. Instead, SMEs and MSMEs are taking the world by storm with technological advances with timely access to digital financing services without geographical and logistical constraints. The number of users covered by digital lending is increasing daily as technology acts as an enabler for accessing instant finance. With the online access and verification process, the traditional method of physically visiting a financing institute, applying for a loan, and waiting for approval is slowly dying down. With instant eligibility and credit checks, finance is available with better reach for the long-tail customer, which otherwise goes overlooked by traditional financing operations, all the while reducing the operational costs for the lending business. Digital lending is thus enabling sustainability and financial stability with high efficiency for the end user at both ends of the financial spectrum. Summing it up With the awareness of digital lending spreading across emerging economies, the global lending landscape is changing. Many countries are successfully adopting digital technologies to provide robust frameworks to include people from all income groups to improve their lives and in turn their growing economies. eFunder.ai – Your one stop lending solution! eFunder.ai aims to provide digital financing solutions that are tailored to grow and scale the businesses for SMEs. It offers latest integrated technology to provide a seamless, hassle-free interface to the customers. E funder offers absolute transparency across all their platforms which are robust, flexible and scalable. To know more about such developments and also to acquire financing through digital lending methods, write to us at sales@efunder.ai or get in touch on our number +97126810985 today.
December 26, 2022
Planning Ahead for 2023: Overcoming Recession
After the COVID-19 epidemic, 2022 was a reasonably a good year as the population and economy started to steadily recover. However, the pandemic's negative impacts and the current geopolitical situation continue to caste negativity on the common man. There is a persistent worry about global economy slowing down and recession looming in 2023. Although financial and industry experts are optimistic that India may not be badly impacted by the global recession, however it is always advisable to be ready for any potential financial disaster. Here are some pointers to help you be ready for a prosperous financial 2023: Do a thorough financial inventory It's time for you to take a complete financial inventory and understand your financial situation well. Consider all of your assets, both cash and non-cash components, and work to increase the worth of each. This suggests that in order to maintain a steady cash flow in 2023, you need cut back on or minimize your financial spending. Click here to learn more about increasing the value of your non-cash assets (hyperlink to your services). Recognize your Risks What do you always fear in terms of financial stability? Is the field in which you specialize is becoming obsolete? By recognizing potential future cash constraints, control your financial risk in a balanced way. Plan and strategize your possibilities in accordance with the hazards you foresee in order to proceed smoothly without jeopardizing your recent financial gains. Maximize your opportunities More opportunities will boost your cash flow. If you have a job and a steady income, seek for more reliable options that will improve your cash flow. This can entail accepting weekend consulting or freelancing assignments related to your area of expertise. Try to develop a side business that is supported by solid research and grow that tiny business into a reliable side source of income. Consider inflation when making investments. Not every investment generates profitable returns. Even while the ROI may look fantastic on paper, they frequently are not inflation-adjusted. In order to comprehend your investments and prepare for future inflation, see a specialist in 2023 (hyperlink). Risk analysis of your assets is essential because it provides a mechanism to recognize, evaluate, mitigate, and keep an eye on any potential financial risks that can arise during recession. The best method and habits for creating a consistent cash flow during recessions can be inculcated by early preparation and ongoing investment practices that are based on research. Pay your debts responsibly. The easiest strategy to manage your finances is to limit your spending to necessities and avoid unnecessary costs. For instance, if you frequently take mini vacations, you might want to stop doing that and use the money you would have spent on that to make a loan payment or pay off your credit card balance in full. Such modest efforts can get your finances on track without causing any problems in 2023. Additionally, sticking to a budget will help you reduce your risk of being in debt on a practical level. 2023 - A year to achieve financial freedom You don't necessarily need to prepare for a recession just because one could happen in the future. Think of the upcoming year as a test run for your new financial strategy. By assessing dangers and comprehending how you might profit even during a predicted recession, adopt saving and investment behaviors. Write to us at sales@efunder.ai to learn more about prudent financial planning and how to boost your business goals with our uniquely crafted funding solutions.
October 25, 2022
Get Quick Access To Steady Cash Flow With eFunder.ai
With retail eCommerce sales worldwide forecast to reach about 8.1 trillion dollars by 2026, it's never been a better time to start an online business. Add to it the relatively low barrier of entry to start an eCommerce company, which makes it a promising choice for aspiring entrepreneurs. Online businesses, regardless of their nice or size, will often come up against a number of barriers when it comes to arranging capital for the cash flow solution. In fact, many online businesses or marketplace sellers are seasonal and often look for short-term yet fast and flexible financing options. However, short-term loans are unconventional among traditional lenders, and the lending process is lengthy and cumbersome, often taking months. For eCommerce businesses that manage to secure funding from banks or lenders, the repayment terms, interest rates, or loan length always pose a hurdle for future business growth. The inflexibility of traditional banking systems impacts eCommerce business funding adversely. Without proper financial support, the consequences could be disastrous for online businesses. 90% of new businesses fail during the first four years, according to research, but even those online enterprises that succeed will probably require more working capital to expand in the future. The good news is that new service providers like eFunder.ai are filling in the gaps between what banks can offer and what businesses actually need from their banks. Providing instant access to flexible and tailored solutions to grow and scale their businesses, digital platforms like eFunder.ai ensure to alleviate the financial burden on SMEs. Getting financial assistance from eFunder.ai is an easy and hassle-free process. What are the requirements to get funding from eFunder.ai? Have historical online business performance of 3 to 6 months, depending on the buyer ecosystem you are looking to finance Provide permissioned data access to the buyer ecosystems on which you would require financing Agree to the terms and conditions set out under our Early Payment Agreement Agree to the opening of a virtual bank account for the collection of all current and future online receivables Agree to provide a security cheque Agree to provide KYC/AML documents such as Trade License, Tax Registration Certificate, Identification etc. eFunder.ai Online Application Process There are only a few simple steps to get funding from eFunder.ai. Visit eFunder.ai website and click on Login or download eFunder.ai app from Apple App Store or Google Play Store Click on Create Account and enter your details Once you have entered the above details, please check the terms and conditions fully and scroll down to enable the accepting of the terms You can then select the respective online ecosystem and product type for which you are seeking financing You will then be asked to fill in certain details and upload documents For the documents, you will need to upload a signed termsheet and authorization letter. The template for which will be provided by our sales or accounts team who you can reach out to at sales@efunder.ai or accounts@efunder.ai Please also fill in the relevant details for respective ecosystems Once all details have been uploaded, please expect a verification call from our team and on finalization all details, your account should be activated within 24-48 hrs Solving the toughest financial challenges of an eCommerce business, eFunder.ai provides funding solutions to stabilize the cash flow and cope with payment obligations. Whether you are starting your Amazon store or any other eCommerce store from the ground up or planning to expand your business, there is still a wide range of finances to factor in. This is where eFunder's eCommerce financing solutions come in. Integrated with more than 14 global platforms, eFunder.ai ensures to offer instant access to unique financing solutions like daily advance, vendor advance and working capital advance. Invoice financing can be an attractive option for online marketplace sellers that require quick access to working capital. In the early stages of a business, avoiding waiting until your customers have paid their entire amounts can facilitate business growth and even resolve issues with customers who take a long time to pay. Moreover, paying your market suppliers in a timely manner would strengthen your business relationships and make doing business with them a much smoother experience. Let eFunder.ai help you double up on your inventory or plan your future growth without sacrificing cash flow. Get in touch with our dedicated support team for more information.
August 26, 2022
How Digital Financing Solutions Are Shaping Today’s Economy
Digital financing solutions are shaping the economy in a big way. More and more businesses are turning to digital financing options to get the money they need to grow their business. As per Vantage Market Research, Global Digital Financing was at USD 10.5 Bn in 2021 and expected to reach USD 22.4 Bn by 2028 at a CAGR of 13.5%1. Recent research says that the widespread adoption and utilization of digital financing solutions could increase the GDPs of all emerging economies by 6 %. This additional GDP will likewise assist to create up to 95 million new jobs across all the sectors of the economy There are many different types of digital financing solutions available, and each one has its own unique benefits. In this blog post, we will discuss how digital financing solutions are beneficial to your business. Digital financing solutions offer transparency and convenience for both borrowers and lenders In an increasingly digital world, it's no surprise that financial transactions are moving online as well. From Venmo to Robinhood, there are a variety of apps and platforms that allow users to send and receive money with the click of a button. While traditional banking institutions are still important, digital financing solutions offer transparency and convenience for both borrowers and lenders. For borrowers, online platforms make it easy to compare rates and terms from different lenders, get onboarded quickly and drawdown on facilities without any additional waiting period. And for lenders, digital financing solutions offer a simple way to track payments and manage borrower information while ensuring their capital advances are monitored at any given time. In addition, digital financing solutions can help to reduce costs and speed up transactions. As the world continues to go digital, we expect to see more and more financial transactions taking place online. They provide an efficient way for businesses to get the capital they need to grow Access to capital is one of the most important factors for any business, but it can be especially difficult for small businesses. Traditional lending institutions often have strict requirements that can be difficult for small businesses to meet. As a result, many small businesses turn to digital financing solutions. Digital financing solutions provide an efficient and convenient way for businesses to get the capital they need to grow. With digital financing solutions, businesses can apply for loans online and receive funding in as little as 24 hours. In addition, digital financing solutions offer flexible repayment terms that can be tailored to the unique needs of each business. As a result, digital financing solutions provide an invaluable resource for small businesses looking to grow and expand. This type of financing is especially beneficial for small businesses and startups In today's business world, cash is king. In order to grow and succeed, companies need access to capital. However, traditional financing options can be out of reach for small businesses and startups despite being key drivers to their respective country’s economies and employing a large portion of the private workforce. This is where digital financing comes in. Digital financing refers to the use of online platforms to raise capital. This can take the form of crowdfunding, peer-to-peer lending, or even cryptocurrency. The key advantage of digital financing is that it provides access to capital that might otherwise be inaccessible. As a result, it can be a critical tool for small businesses and startups looking to get their businesses off the ground. Whether you're looking to finance a new product line or fund a marketing campaign or increase your inventory, digital financing can give you the boost you need to succeed. It helps to remove some of the barriers that can prevent companies from obtaining funding In today's business world, one of the most important things for a company is to have a strong financial foundation. However, obtaining the funding needed to start or grow a business can be difficult, especially for small businesses and startups. There are a number of reasons why this can be the case, such as a lack of collateral or poor credit history. However, digital financing solutions are helping to remove some of these barriers and make it easier for companies to obtain the funding they need. By providing an alternative to traditional bank loans, digital financing companies are making it possible for more businesses to get the capital they need to succeed. In addition, these companies are often willing to work with businesses that have less-than-perfect credit, which can be a lifesaver for startups that are just starting out. As digital financing solutions become more popular, it is likely that more businesses will be able to obtain the funding they need to grow and thrive. Digital financing solutions are also becoming more popular with consumers In recent years, there has been a dramatic shift in the way that people manage their finances. Where once cash and cheques were the dominant forms of payment, now debit and credit cards are standard. In addition, digital financing solutions are also becoming more popular with consumers. Services like PayPal and Venmo allow people to send money to one another with just a few clicks. This convenience is one of the main reasons why digital financing solutions are gaining popularity. Another advantage of these services is that they offer greater security than traditional methods of payment. For example, if a credit card is stolen, the owner can cancel the card and avoid any financial losses. In contrast, if cash is stolen, it is very difficult to get that money back. As a result, digital financing solutions offer both convenience and security, making them an appealing option for consumers. This allows people to access credit more easily and at a lower cost than traditional methods In the past, accessing credit was a time-consuming and expensive process. borrowers had to go through a lengthy application process and put up collateral in order to qualify for a loan. However, with the advent of digital financing solutions, borrowers can now get access to credit more easily and at a lower cost. These solutions use cutting-edge technology to assess borrowers' creditworthiness and provide them with the funds they need in a matter of minutes. Digital platforms use both conventional and alternative real-time data sources to recommend accurate decisions almost instantaneously. This maximizes decision accuracy with full control of their risk appetite. What's more, these loans can be used for any purpose, from starting a business to covering unexpected expenses. As such, digital financing solutions are changing the way people access to credit and are opening up new opportunities for borrowers all over the world. By giving borrowers more choices, digital financing solutions are helping to shape today’s economy Before the advent of digital financing solutions, borrowers had few options when it came to obtaining a loan. They could go to a bank or credit union, or they could take out a home equity loan. However, these options were often not available to people with less-than-perfect credit. As a result, many people were unable to obtain the financing they needed to start a business or purchase a home. Digital financing solutions have changed all that by giving borrowers more choices. Today, there are a variety of online lenders that provide loans to people with all types of credit histories. In addition, many of these lenders offer more flexible repayment terms than traditional banks alleviating a lot of the financial stress that tends to come with traditional loans. As a result, digital financing solutions are helping to shape today’s economy by making it easier for people to obtain the financing they need to start businesses and buy homes.
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